Kakuzi issues profit warning on reduced avocado production

A worker at Kakuzi arranges avocados. PHOTO | POOL

Agricultural firm Kakuzi #ticker:KUKZ has issued a profit warning for the year ended December, citing reduced avocado production and lower prices of the commodity in European markets.

The firm listed on the Nairobi Securities Exchange #ticker:NSE made a net income of Sh622 million the year before, indicating that it anticipates its net earnings to fall by at least 25 percent to Sh466.5 million in the review period.

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